Widespread Carlin-Type Alteration And Gold Mineralization At The Swift Project

VANCOUVER - Ridgeline Minerals Corp. reported on the drill program at the Swift Project, located in the Cortez mining district of the Battle Mountain - Eureka Trend, Nevada. The Project is operated by Nevada Gold Mines (NGM") under an exploration earn-in agreement.

Three wide-spaced (approximately 1 kilometer) "framework" core holes were completed for a total of 3,278 meters (m). Drill hole SW22-002 and SW22-003 intersected Lower-Plate carbonate host rocks between 570-830m depth with widespread intervals of Carlin-Type alteration and anomalous gold (Au) mineralization intersected in both holes with individual samples grading up to 2.72 grams per tonne (g/t) Au. Highlight intercepts include 37.2m grading 0.29 g/t Au, 2.6 g/t Ag in SW22-002 and 48.8m grading 0.45 g/t Au, 0.98 g/t Ag in SW22-003. Core hole SW22-004 intersected Lower Plate host rocks at 1,065m and was drilled to a depth of 1,104m before being halted in January 2023 due to severe winter weather conditions. The hole was left cased and ready for potential re-entry at a later date in 2023.

Chad Peters, President, CEO and Director, said, "Making a deep gold discovery in Nevada can be a time and capital-intensive process and we're fortunate to have our partners at Nevada Gold Mines applying their impressive track record of discovery to the Swift Project. It's well known that large Carlin-Type gold deposits tend to form kilometer-scale gold and trace element halos around them, and today's results suggest a significant gold system is present at Swift. Holes two and three were drilled 800 meters apart and still returned the strongest Lower Plate gold intercepts at the project to-date. These results add key geochemical and structural pieces to the geologic model and will help future exploration programs vector towards potentially higher-grade gold zones. Nevada Gold Mines is planning on conducting additional framework drilling in 2023 and we look forward to updating our shareholders as the program progresses."

Highlight Drill Results: SW22-002: 7.0m grading 0.76 g/t Au, 0.49 g/t Ag starting at 565.1m downhole - 51.1m grading 0.19 g/t Au, 1.14 g/t Ag, including 1.5m grading 1.51 g/t Au, 0.16 g/t Ag starting at 667.5m and 37.2m grading 0.29 g/t Au, 2.60 g/t Ag starting at 874.5m; SW22-003: 43.0m grading 0.27 g/t Au, 0.51 g/t Ag starting at 598.3m - 48.8m grading 0.45 g/t Au, 0.98 g/t Ag starting at 667.5m, including 3.4m grading 1.92 g/t Au, no significant values of Ag starting at 804.8m - 1.5m grading 0.15 g/t Ag, 64.3 g/t Ag starting at 999.6m; and SW22-004: 3.0m grading 2.27 g/t Au, 0.36 g/t Ag starting at 724.5m in Upper Plate Valmy Fm.